Consider the following schedule to find where the equilibrium occur. Where does real GDP supplied and equilibrium price level occur?
Current Price Level Real GDP-quantity demanded Real GDP-quantity supplied
per trillion per trillion
610 17.8 17.8
500 15.5 19.0
478 12.0 21.7
785 20.0 13.0

A.j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a.j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a.j. could have probably handled. a.j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a.j. was recognizing the culture at idle time gaming.